1

SYNOPSIS OF TAXES
Presented to:

All Respected Participants

Presented by:
Tax
Department
Sunday 27 November, 2016

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Index

1. Income Tax - Withholding Agent Perspectives

Definitions of Filer and Non-Filer
Profit paid on Deposits
Cash Withdrawal
On issuance of Banking Instruments
On banking transactions
Goods purchased
Services/Fee/Contracts
Rent Paid
Payment of Brokerage/Commission
Salary

2. Federal Excise Duty / Provincial Sales Tax

Responsibilities as a service provider
Responsibilities as withholding agent

3. Reporting
Forms
Timeline
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 Contact us
For any assistance:

Tahzeeb Nisar (SVP) 0333-5117729

Aftab Ahmad (AVP) 0321-5424197
Saad Naseem(OG-II) 0336-9802995

Direct Line 051 9252815

Ext. 051 - 2002548

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RESPONSIBILITIES OF AN
ORGANIZATION
An Organization (ZTBL) has dual
responsibilities in Taxation System of
Pakistan:

1. TaxPayer

2. Withholding Agent

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Types of Taxes
Following are two different types of Taxes
having direct impact on an Organization:

1. Income Tax 2001

2. Sales Tax PUNJAB REVENUE

AUTHORITY FOR PUNJAB 2012.
SALES TAX ACT

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Income Tax Withholding Agent Perspectives

Income Tax Ordinance, 2001 makes it obligatory on certain specified

persons, commonly known as Withholding Agents, to collect and
deduct tax at source at a time when an economic activity takes place.

Non-compliance of following provisions:

collecting or deducting tax at source,
depositing the tax collected or deducted and;
filing of monthly and annual statements

attracts multiple consequences as below:

Expenses/Deductions not allowed [Section 21]

Recovery of tax not collected or deducted [Section 161]
Recovery of tax collected or deducted but not deposited/paid [Section 161]
Charge of default surcharge [Section 205]
Prosecution [Section 191]
Penalty for failure to furnish statement(s) of tax collected or deducted [Section 182]

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Definitions of Filer & Non-Filer
Filer: Section 2(23A)

Filer means a taxpayer whose name appears in the active

taxpayers list issued by the Federal Board of Revenue (FBR) from
time to time .
-- WRITE ATL SPACE CNIC SEND TO 9966
Non - Filer: Section 2(35C)

Non - filer means a person who is not a filer.

Active Taxpayers List:

Status of any person, whether filer or non-filer can be checked by:
1. Online on FBR Portal at www.fbr.gov.pk
2. Downloading Active Tax payers List (Excel File) from FBR Portal

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 PAYMENT OF PROFIT ON DEBT
Section 151(1)(b)
Person(s) liable to deduct tax Banking Company

From whom Resident recipient of Profit on debt

On Profit on debt

When At the time the profit on debt is

credited to the account

Rate Filer Non-Filer

Profit Paid on Deposits - Where Amount of Total
Profit on Deposits does not exceed Rs.500,000/- in 10%
a year
10%
Profit Paid on Deposits - Where Amount of Total
Profit on Deposits exceeds Rs.500,000/- in a year. 17.5%
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Profit on debt (Sec 151) Cont.
Example 1 : Where amount of profit is Rs.475,000/-, WHT
will be:

Taxpayer Status
Rate WHT Amount

Filer 10% Rs.47,500/-

Non-Filer 10% Rs.47,500/-

Example 2 : Where amount of profit is Rs.1,000,000/-, WHT

will be:
Taxpayer Status
Rate WHT Amount

Filer 10% Rs.100,000/-

Non-Filer 17.5% Rs.175,000/-

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 CASH WITHDRAWAL FROM BANK
Section 231A
Person(s) liable to deduct tax Banking Company

From whom Persons withdrawing cash

On Cash withdrawn exceeding

Rs. 50,000 during a day

When At the time the cash is

withdrawn

Rate Filer Non-Filer

Cash Withdrawal, in case of Payment is beyond
Rs.50,000/- per day.
Note: The limit of Rs. 50,000 shall be aggregate 0.3% 0.6%
withdrawals from all the bank accounts in a single
day.
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 ISSUANCE OF BANKING INSTRUMENTS
Section 231AA
Person(s) liable to deduct tax Banking Company

From whom Persons to whom sale of any instrument is made

against cash payment

Including Demand Draft, Pay Order, Call Deposit Receipt (CDR), Short Term Deposit Receipt (STDR),
Security Deposit Receipt (SDR), Rupee Travelers Cheque (RTC) or any other instrument of bearer
nature; and
Excluding Inter-bank or intra-bank transfer

Rate Filer : 0.30%

Non-filer : 0.60%

On The amount/value of the instrument or transfer if exceeds

Rs. 25,000 during a day

When At the time of sale of instrument

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 ADVANCE TAX ON BANKING TRANSACTIONS
Section 236P
Person(s) liable to deduct tax Banking Company

2567058-9 ZTBL NTN

From whom Persons to whom sale of any instrument is made

On The amount/value of the instrument or transfer if

exceeds Rs. 50,000 during a day

When At the time of sale of instrument

Rate Filer Non-Filer

Advance Tax on banking transactions otherwise
than through cash.
NIL 0.6%
Note: The limit of Rs. 50,000 shall be aggregate
amount from all the bank accounts in a single day.
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Explanation- Sec 236P
(1) Every banking company shall collect advance adjustable tax from a non-filer

at the time of sale of any instrument, including demand draft, pay order, special

deposit receipt, cash deposit receipt, short term deposit receipt, call deposit

receipt, rupee travelers cheque or any other instrument of such nature.

(2) Every banking company shall collect advance adjustable tax from a non-filer

at the time of transfer of any sum through cheque or clearing, interbank or intra

bank transfers through cheques, online transfer, telegraphic transfer, mail

transfer, direct debit, payments through internet, payments through mobile

phones, account to account funds transfer, third party account to account funds

transfers, real time account to account funds transfer, real time third party

account to account fund transfer, automated teller machine (ATM) transfers, or

any other mode of electronic or paper based funds transfer.

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PAYMENT FOR SUPPLIES (Goods)
Section 153(1)(a)
Person(s) liable to deduct tax Banking Company

From whom Resident Person

On Gross amount of payment

(i.e including GST)
When At the time the amount is
actually paid

Rate Filer Non-Filer

Supplies of goods by Companies

4% 6%

Supplies of goods by other persons

4.5% 6.5%
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Section 153(1)(a) Cont.

Example : Where the amount of supplies is Rs.100,000/-, WHT

will be:

Taxpayers Status Filer Non-Filer

Rs.4,000/- Rs.6,000/-
Supplies of goods by Companies 4% 6%

Supplies of goods by other

Rs.4,500/- Rs.6,500/-
persons 4.5% 6.5%

Note: Withholding of Sales Tax will also be applicable in addition to

withholding of Income Tax . These will be discussed later.

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 PAYMENT FOR SERVICES
Section 153(1)(b)
Person(s) liable to deduct tax Banking Company
From whom Resident Person
On .1-25000 FROM 25001 ABOVE TAX WILL BE DUDUCTED IF PURHCASE IN ONE YEAR
Gross amount of payment
When At the time the amount is actually paid
rs. 10000/-no tax above 10001 tax will be

Rate Filer Non-Filer

Services rendered by Companies 8% 12%

Services rendered by other persons

10% 15%

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Section 153(1)(b) Cont.

Example : Where the amount of services is Rs.100,000/-, WHT

will be:

Taxpayers Status Filer Non-Filer

Services rendered by Companies 8% Rs.8,000/- 12% Rs.12,000/-

Services rendered by other Rs.10,000/

10% 15% Rs.15,000/-
persons -

Note: Withholding of Sales Tax will also be applicable in addition to

withholding of Income Tax . These will be discussed later.

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PAYMENT FOR CONTRACTS
Section 153(1)(c)
Person(s) liable to deduct tax Banking Company

From whom Resident Person

On Gross amount of payment

When At the time the amount is actually paid

Rate Filer Non-Filer

Contract executed by Companies 7% 10%

Contract executed by other persons

7.5% 10%

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Section 153(1)(c) Cont.

Example : Where the amount of contract is Rs.100,000/-, WHT

will be:

Taxpayers Status Filer Non-Filer

Contract executed by Companies 7% Rs.7,000/- 10% Rs.10,000/-

Contract executed by other 7.5

Rs.7,500/- 10% Rs.10,000/-
persons %

Note: Withholding of Sales Tax will also be applicable in addition to

withholding of Income Tax . These will be discussed later.

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PAYMENT FOR PRINT & ADVERTISEMENT MEDIA

Section 153(1)(a)
Person(s) liable to deduct tax Banking Company

From whom Resident Person

On Gross amount of payment

When At the time the amount is actually paid

Rate Filer Non-Filer

In case of Companies 12%

1.5%
In case of all other persons
15%

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Print & Advertisement Media Cont.

Example : Where the amount is Rs.100,000/-, WHT will be:

Advertisement

Taxpayers Status Filer Non-Filer

1.5
In case of Companies Rs.1,500/- 12% Rs.12,000/-
%

1.5
In case of all other persons Rs.1,500/- 15% Rs.15,000/-
%

Note: Withholding of Sales Tax will also be applicable in addition to

withholding of Income Tax . These will be discussed later.

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PAYMENT FOR RENT OF PROPERTY
Section 155
Person(s) liable to deduct tax Banking Company

From whom Recipient of rent of property

On Gross amount of Rent

When At the time the rent is

actually paid

Rate

In case of Company : 15% of the Gross amount of rent

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 RENT OF PROPERTY
In case of an individual or an association of persons:
Gross Amount of Rent
between
Rs. 0 and Rs. 200,000/-
Rs.200,001/- and Rs.600,000/-
Rs.600,001/- and Rs.1,000,000/-
Rs.1,000,001/- and
Rs.2,000,000/-
Exceeds Rs.2,000,000/-
Section 155
Rate of tax deduction
0%
5% of the gross amount exceeding
Rs.200,000/-
Rs. 20,000/- plus 10% of the gross
amount of rent exceeding Rs. 600,000/-
Rs. 60,000/- plus 15% of the gross
amount of rent exceeding Rs. 1000,000.
Rs. 210,000/- plus 20% of the gross
amount of rent exceeding Rs. 2,000,000/-
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Rent of Computation
Propertyof(Sec
Tax
155)

Annual Gross Rent * Appropriate Rate

Example:

If Gross rent of a property is Rs.12000/- p.m and the owner of

the property is Individual, the tax will be calculated as
under:
Annual Rent 12000 * 12 = 144000
Tax on Rs.144000 @ 0% = 0

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 Rent of Property
Example: (Individual & AOP) (Sec 155)
If Gross rent of a property is Rs.20000/- p.m and the owner of the property is
Individual, the tax will be calculated as under:

Annual Rent 20000 * 12 = 240000 Tax on first Rs.200000 @ 0%

= 0
Tax on balance i.e 40000 @ 5% = 2000 Total annual Tax
2000

Example: (Individual & AOP)

If Gross rent of a property is Rs.60000/- p.m and the owner of the property is
Individual, the tax will be calculated as under:

Annual Rent 60000 * 12 = 720000

Tax on Rs.200000 @ 0% = 0 Tax on Rs.400000 @ 5%
= 20000
Tax on balance i.e 120000 @ 10% = 12000
Total annual Tax 32000
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 Rent of Property (Sec 155)

Example: (Company)

If Gross rent of a property is Rs.20000/- p.m and the

owner of the property is Company, the tax will be
calculated as under:

Annual Rent 20000 * 12 = 240000

Tax on Rs.240000 @ 15% = 36000
Total annual Tax 36000

Note: Total annual tax should be equally

divided into12 months/ no. Of months .
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 PAYMENT OF BROKERAGE & COMMISSION
Section 233
Person(s) liable to Banking Company
deduct tax

From whom Recipient of brokerage or commission

On Brokerage or Commission

When At the time the brokerage or

commission is actually paid
Taxpayers Status Filer Non-Filer
Payment of Commission to advertising
10% 15%
agents
Payment of Commission in all other
12% 15%
cases

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SALARY Section 149
Salary means any amount received by an
employee from any employment, it includes :

Pay / Wages
Leave Pay
Overtime
Bonus
Fees / Commission
Allowances
Perquisites
Work conditions supplements (additional pay for unpleasant or dangerous work)
Profit in lieu of or in addition to the salary or wages; and
Any other benefits provided by the employer to his employee

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Salary (Sec 149) Cont

Person(s) liable to deduct tax Person responsible for

paying salary

From whom Employee

On Annual Salary

Rate Annual average rate ( Rate Card)

When At the time the salary is

actually paid

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Salary (Sec 149) Cont

Taxable income between Rate of tax

Rs. 0 and Rs. 400,000 0%

Rs. 400,001 and Rs. 500,000 2% of the amount exceeding Rs. 400,000

Rs. 500,001 and Rs. 750,000 Rs. 2,000 plus 5% of the amount exceeding Rs. 500,000

Rs. 750,001 and Rs. 1,400,000 Rs. 14,500 plus 10% of the amount exceeding Rs. 750,000

Rs. 1,400,001 and Rs. 1,500,000 Rs. 79,500 plus 12.50% of the amount exceeding Rs. 1,400,000

Rs. 1,500,001 and Rs. 1,800,000 Rs. 92,000 plus 15% of the amount exceeding Rs. 1,500,000

Rs. 1,800,001 and Rs. 2,500,000 Rs. 137,000 plus 17.5% of the amount exceeding Rs. 1,800,000

Rs. 2,500,001 and Rs. 3,000,000 Rs. 259,500 plus 20% of the amount exceeding Rs. 2,500,000

Rs. 3,000,001 and Rs. 3,500,000 Rs. 359,500 plus 22.50% of the amount exceeding Rs.3,000,000

Rs. 3,500,001 and Rs. 4,000,000 Rs. 472,000 plus 25% of the amount exceeding Rs.3,500,000

Rs. 4,000,001 and Rs. 7,000,000 Rs. 597,000 plus 27.50% of the amount exceeding Rs.4,000,000

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TAX CREDITS/ADJUSTMENTS
FROM SALARY
1. Motor Vehicle u/s 234
2. Telephone/mobile phone bills
3. Cash Withdrawal from banks u/s 231A
4. Advance tax on banking transactions u/s 236P
5. Donations to approved NPOs u/s 61
6. Investment in Shares u/s 62
7. Contribution to approved pension fund u/s 63
8. Profit on debt paid in respect of housing loans
u/s 64

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Federal Excise Duty/Provincial Sales Tax
ZTBL is responsible to charge Sales Tax /F.E.D on banking
services provided/rendered to its customers as well as
being as a withholding agent (ZTBL as withholding
agent) is also liable to withhold sales tax from the
supplies and services received by the bank.
Sr. Banking
Nature of Responsibility
# Services/Transactions

Provided/Rendered by ZTBL Charge/Recover Sales Tax

1
to its Customers from Customers

Received by ZTBL from Withhold Sales Tax on

2
Service Providers / Suppliers Services/Supplies received

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1. Punjab Sales Tax (FED) On Services
Incomes
Punjab Sales Tax on Services / F.E.D is applicable:
to all Non-Interest based Banking Services
in forms of fees, charges or commissions

SR.
PROVINCE PARTICULARS RATE
#

1 Punjab Punjab Sales Tax on Services 16%

For booking of Punjab Sales Tax on Services(FED) GL

Head No. 3614 is to be used only for branches within
the Punjab Province.

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List of Taxable Services (but not limited to)
1 COMMISSION INCOMES
4 OTHERS
I Commission on remittances
I Investigation Charges Realized
Ii Commission on bills for collection
Ii Technical Assistance fee
Iii Commission on Western Union Transactions
Iii Commission on agency operation
Iv Income - Online Cash Deposit
Iv Commitment charges of project loans
V Income - Online Cash Withdrawal
V Telex charges on letter of credit recovered
Commission on letter of credit Stationery charges on letter of credit
Vi
Charges received on issue of demand draft & Vi recovered
Pay Order Services charges for joint registration of
Vii
Commission realized from Sairab Pakistan Vii Tractors
Scheme Vii
Viii
i Income from agricultural demonstration farm
Ix Commission on Letter of Guarantee
Ix Rental Income of Lockers
X Collection charges on Utility Bills
X Miscellaneous

Xi Renewal Charges under Sada Bahar Scheme

2 LOAN APPLICATION FEES
Xii Renewal charges under Awami Zarai scheme
Loans monitoring/Appraisal fee Xii
I
i Sale Proceeds of cheque books issuance
Sale proceeds of Application Form under BTS Xi
Ii
v Credit Worthiness Report Charges received
Iii Application Fee 35
Xv Collection charges from school/college fee
List of Taxable Services (but not limited to)
6 INCOME FROM U-PAISA 7 Bill of Exchange

8 Online/Telegraphic Transfer
Transfer of Funds from any person (CNIC) to
9 Bill Discounting Commission
I Mobile Account
1
0 Safe Vaults
Transfer of Funds from Mobile Account to any
Ii person (CNIC) 1 Issuance, Processing and operation of Credit and
1 Debit Cards
Iii Withdrawal of Cash from Mobile Account
1 Commission and brokerage of foreign exchange
2 dealings
Transfer of Funds from Mobile Account to
1
Iv Mobile Account
3 ATM Operations
Utility Bill payment from M-Wallet (NADRA 1
V SWITCH) 4 Account Maintenance Charges
1
Utility Bill payment from M-Wallet (U-Bank
SWITCH)
5 Charges on standing instructions from customers
Vi
1 Any Statement/certificate issuance charges other than
Vii Debit Card Issuance Charges 6 mandatory
Vii 1
i Cash Withdrawal from ATM
7 Services provided or rendered by financial institutions
1
Ix Inter Bank Fund Transfer IBFT
8 Sale proceeds of forms

X Donation through Mobile Account

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 2. Sales Tax Withholding
Rules
The ZTBL as a withholding agent is liable to withhold Sales Tax on
purchases/payment of both supplies(goods) and services from the
vendors/service providers., which are summarized as:

Sr. Nature of Relevant

Revenue Authority
# Payment Rules/ACT

Supplies Federal Board of Revenue

1 Sales Tax Act, 1990
(Goods) (FBR)

Punjab Sales Tax on Punjab Revenue Authority

2 Services
Services Act, 2012 (PRA)

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Sales Tax Withholding Rules

1. Sales Tax Withholding Rules on Supplies

(Goods)

2. Sales Tax Withholding Rules on Services

i. Payment of Taxable Services (other than advertisement services)

Ii. Payment of Advertisement services

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Sales Tax Withholding Rules for Supplies (Goods)
Sr. Payment for Taxable
# Supplies (Goods)
Registered Persons
a
(Registered in Sales Tax)
b Un-Registered Persons
Rate of Tax Deduction
1/5th(one-fifth) of Sales tax
leviable
Withhold sales tax at the
applicable rate (17%) of the
gross value of taxable supplies
from the payment due to the
supplier.
Note: 2% further tax is
payable in addition to 17%.
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Sales Tax Withholding Rules for Supplies (Goods)

Example 1: Incase of Registered Persons, assume Tax Rate is

17%.

Value of Taxable Supplies Rs.1000

(excluding Sales tax)
Sales Tax chargeable @17% Rs.170

Sales Tax to be deducted Rs.34 (Rs. 170 / 5)

by the withholding agent

Balance payment to Supplier Rs.1136/- (Rs.1170 Rs.34)

Note: Withholding rules under Section 153 of the Income Tax Ordinance, 2001 will

also applicable in addition to Sales Tax Rules

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Sales Tax Withholding Rules for Supplies (Goods)

Example 2: Incase of Un-Registered Persons, assume Tax Rate is 17%.

Value of Taxable Supplies Rs.1000

(excluding Sales tax)
Sales Tax chargeable @17% Rs.170

2% Further Tax Rs.20

Sales Tax to be deducted Rs.190

by the withholding agent

Balance Payment to Supplier Rs.810/- (Rs.1000 Rs.190)

Note: 2% Further Tax is to be deducted in case of Supplies(Goods), therefore, total

withholding sales tax will be Rs.190 (170+20).

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Sales Tax Withholding Rules for Services
(Other than Advertisement Services)
Sales Tax Withholding Rules on Services are as
follows:
Sr. Payment for Taxable
Rate of Tax Deduction
# Services to

Withhold the whole (100%) amount

Registered Persons (Registered of Punjab Sales Tax on Services
a
in Punjab Sales Tax) shown in the tax invoice issued by
a registered person.

Withhold sales tax at the

applicable rate (i.e.16%) of the
b Un-Registered Persons gross value of taxable services
from the payment due to the
service provider.

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 Sales Tax Withholding Rules for Services (other than
Advertisement Services

Example 3: Incase of Registered Persons, assume Tax Rate is

16%.

Value of Taxable Rs.1000

Services (excluding Sales tax)
Sales Tax chargeable @16%Rs.160

Sales Tax to be deducted Rs.160

by the withholding agent

Balance Payment to Service Provider Rs.1,000/-

Note: Withholding rules under Section 153 of the Income Tax Ordinance, 2001

will also applicable in addition to Sales Tax Rules

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 Sales Tax Withholding Rules for Services (other than
Advertisement Services

Example 4: Incase of Un-Registered Persons, Tax Rate is

16%.

Value of Taxable Rs.1000

Services (excluding Sales tax)
Sales Tax chargeable @16% Rs.160

Sales Tax to be deducted Rs.160

by the withholding agent

Balance Payment to Service Provider Rs.840 (1000-160)

Note: In this case the amount of balance payable to service provider is

reduced by the amount of taxes.

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Sales Tax Withholding Rules for Advertisement Services

Criteria for these rules is based on whether the Sales Tax

amount is indicated on invoice issued by the advertisement
services provider or not. Applicable rules are as under:

Sr. Payment for Advertisement

Rate of Tax Deduction
# Services
Withhold the whole (100%) amount
Amount of Sales Tax is of Sales Tax on Services shown in
a
indicated/shown on invoice the tax invoice issued by
advertisement services provider.
The amount shall be deducted at
the applicable rate on the gross
Amount of Sales Tax is not
b value of taxable services from the
indicated/shown on invoice payment due to the service
provider.
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Booking of Sales Withholding Tax
Following GL Heads must be used for booking
of Sales Withholding Taxes:

SR. # WITHHOLDING SALES TAX GL HEAD NAME GL HEAD NO.

Sales Tax Withheld-

1 Supplies(Goods) 3036
Vendor/Supplier

Withholding Punjab Sales

2 Services 3618
Tax on Services Payable

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 Combined Examples
Income and Sales Tax
Supplies of goods
Example 1: Incase of Registered/Filer Persons (Individual & AOP)
Rs.
Value of Supplies(goods) Excl. Sales Tax 100
Sales Tax @ 17% 17
Total Value incl. Sales Tax 117

1. Withholding Income Tax to be deducted (117@ 4.5%) 5.27

2. Withholding Sales Tax to be deducted (17 * 1/5) 3.40

Balance Payment to the Supplier(after deduction of taxes) 108.3

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 Combined Examples

Supplies of goods

Example 2: Incase of Un-Registered/Non-Filer Persons

(Ind./AOP)
Rs.
Value of Supplies(goods) 100

1. Withholding Income Tax to be deducted (100@ 6.5%)

6.50
2. Withholding Sales Tax to be deducted (100 * 19%) 19
(17% Sales Tax and 2% Additional Sales Tax)

Balance Payment to the Supplier(after deduction of taxes)

74.50

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 Combined Examples

Rendering of Services

Example 3: Incase of Registered/Filer Persons (Individual / AOP)

Rs.
Value of Services Excl. Sales Tax 100
Sales Tax @ 16% 16
Total Value incl. Sales Tax 116

1. Withholding Income Tax to be deducted (116@ 10%) 11.6

2. Withholding Sales Tax to be deducted (16 * 100%) 16

Balance Payment to the Supplier(after deduction of taxes) 88.4

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 Combined Examples

Rendering of Services

Example 4: Incase of Un-Registered/Non-Filer Persons (Ind.

/AOP)
Rs.
Value of Services 100

1. Withholding Income Tax to be deducted (100@ 15%)

15
2. Withholding Sales Tax to be deducted (100 * 16%) 16

Balance Payment to the Supplier(after deduction of taxes)

69

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REPORTING - Income Tax
Annex B Party wise Detail

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REPORTING - FED/PST

Annex A
Amount of
Particulars Amoun
GL Taxable Rate of
of Taxable t of
Sr.# Head Services/ FED /
Services/Tra FED/PS
No. Transaction PST
nsactions T
s as per GL
1 2 3 4 5 6

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REPORTING - SWHT

Annex B

Tax Tax Tax

Sr. No Of Taxable Sales Tax Sales Tax
Payer Payer Payer City
# Invoices Amount Charged Deducted
NTN STN Name
1 2 3 4 5 6 7 8 9

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Reporting Modes
A. HARD FORMS

1. Credit Advices
2. Covering Notes

B. SOFT FORMS (e-mail)

HOTD@ZTBL.COM.PK

1. Party-wise Details of Income and Sales Tax

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REPORTING - TIME LINES
Weekly Reports
By Zonal
Sr. No. Particulars By Branches
Office
Monday of
Weekly Withholding Tuesday of
following end of
1 (Income) Tax Deducted following end of
Week
Statement Week

Monthly Reports
By Zonal
Sr. No. Particulars By Branches
Office
Last working
1 Monthly FED/PST Statement day of every 4th of following
month end of the
2 Monthly SWHT Statement (i.e. 30th or month
31st)
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